First Bancorp EVP Sarah Tolman sells $183,144 in stock By Investing.com

Sarah Tolman, Executive Vice President and Chief Banking Officer at First Bancorp, Inc. (), sold 5,200 shares of common stock on July 28, 2026. The transaction totaled $183,144, with shares sold at a price of $35.22 each. The sale came as the stock trades near its 52-week high of $35.93, following a strong year-to-date return of 39%.

Following this transaction, Ms. Tolman directly holds 9,552 shares of First Bancorp common stock. Additionally, she indirectly holds 52.8554 shares through an Employee Stock Purchase Plan and 6,090.569 shares through a 401(K) Plan. The filing was signed on July 29, 2026. The company currently trades at a P/E ratio of 10.42 and offers a dividend yield of 4.29%. InvestingPro subscribers have access to 8 additional exclusive tips about FNLC, including insights on its dividend track record and valuation metrics.

In other recent news, First Bancorp announced an increase in its quarterly cash dividend to 38 cents per share. This represents a one-cent rise compared to the previous four quarters. The dividend will be distributed on July 17, 2026, to shareholders who are on record by July 7, 2026. This marks the 12th consecutive year that First Bancorp has raised its dividend by at least one cent in the second quarter. The company’s consistent dividend increases may be of interest to investors looking for reliable income sources. These recent developments reflect First Bancorp’s commitment to returning value to its shareholders.

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